[Code of Federal Regulations]

[Title 24, Volume 1]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR24.200]



[Page 251]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 24_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)--Table 

of Contents

 

                     Subpart B_Covered Transactions

 

Sec.  24.200  What is a covered transaction?





    A covered transaction is a nonprocurement or procurement transaction 

that is subject to the prohibitions of this part. It may be a 

transaction at--

    (a) The primary tier, between a Federal agency and a person (see 

appendix to this part); or

    (b) A lower tier, between a participant in a covered transaction and 

another person.

    (c) In the case of employment contracts that are covered 

transactions, each salary payment under the contract is a separate 

covered transaction.



[68 FR 66544, 66594, 66596, Nov. 26, 2003]